DISCLAIMER: CONTAINTs OF THIS BLOG IS A PERSONAL VIEW AS A CITIZEN OF MALAWI AND WRITER,MY FAMILY ,BUSINESS PARTENERS DO NOT SHARE THIS VIEW.
I am a decent citizen of Malawi and writing in the business point of view does not undress me the Malawian badge to mourn the death of Dr Bingu Wa Mutharika . I expect alot of changes on the business landscape.Starting with our stock market there should be some indication of increase and willingness or actual buyers of shares and invest more.Given all the economic mechanisms on exchange rate and a few investors policies looked at ,Malawi is the best place to invest now.
I have personally spoken to an investor who told me point blank he was waiting for 2014 to invest in Tourism industry and promised me a car and a Managerial position at one unit of a hotel ......i was still waiting and am probably thinking about the kind of car i will be given and the perk keeps me thinking about this offer.
Some hotel staff i know are also expecting something from Joyce Banda given the low wage they get ,the service charge that this Mutharika Administration removed be brought back to reward staff as per business volumes
It is rumoured that The
President had a lot of investments in shares of a few companies and we
hope upon his death control of some of his companies will change a few
policies to accommodate a new regime with new things in the offing.Mulli
Brothers who had strong links to the President might cease to be
market leaders in the local business circles too.They might need new
partners to shield themselves from the new regime and this means new parteners might invest more than ever.
Switching leaders of different ideologies is a good news in the eyes of investors because they know policies will also change.They definitely differ their grip of leadership handle come low or high waters.
Joyce Banda The Acting President,to finish the term Bingu started.
Such occurence of death of a leader will make automatic changes of foriegn policies and how governance on the ground.
- Consumer confidence will return thereby invigorating investors will to invest for the first time or buy more share. We have seen this when Gadaffi died oil prices which soared from USD10.00 to USD20.00 per gallon fell back to normal as production restarted fast when the situation normalised.
- Aftter september 11 attack Americans dodged and completely backed down from investments,until Barack Obama announced that America has finally captured Bin Laden the Stockmarket dashboard started showing signs of improvement
- Americans love to celebrate when they feel better, Restaurant and Resorts started growing occupancies as well
Kim Jong II died on 17 December 2011,8:30 am of massive heart attack known as cardiac and cerebrovascular disease but the announcement was kept under wraps and finally done on 19 December 2011.The North Korean media downplayed the news that the leader has died.It took 51 hours for the state run media to announce to the nationals,finally echoing with other midia houses that the dictator is no more.This was a dictator to the tooth.A leader who allowed his citizens to emanciate due to lack of food as he capitalised on nuclear related productions.
This silence was curtained by the discussions that the innercircle underwent to quickly indorse the son of Kim Jong as their new leader of the party poised to inherit the leadership of the country as well.The question that some members asked was,"why do we choose another leader to take over if the current leader is still fit and mentally sound?
Answering that question propels me into this uncertainity of events at play.The president of the Republic of Malawi Proffessor Bingu Wa Mutharika,78, felt unwell (am using fair launguage right...) at 11:00am and i take this as a matter of urgency to the first citizen of Malawi to be flown outside Malawi as soon as they discovered we are underequipped to hospitalise him.Why did it wait so long that only beyond sunset was the right time to airlift him to SouthAfrica?
THE REASON GOVERNMENT was SILENT ON THE DEATH OF H.E
They were drawing a few succession ideas and they were in denial of the aftermath where it was loud in the section 87 of the constitution that the enemy in Joyce Banda shall now run the Government affairs.
They were devided on what to do next :to rape the constitution by allowing Peter to take over or being the good citizen they were supposed to be.
They were choosing good words to calm down the Nation and consult a good PR to draft the speech i hope.
The only reminder to government officials is that in this age and time of internet access Malawians had already known about death of H.E before he was flown elsewhere.
I am not going to compare Kim Jong Il to Professor WA Mutharika,i am, though i commend a number of efforts that he attempted during his time. .Alot has happened THOUGH during this last term.
Kim Jong II
- announcement of his death took 51hours
- endorsed his son during his mourning (whether its beforeor after he was buried or before or after his death was officially announced
- died of heart attack cardiac and cerebrovascular
- he studied economics
- Kim Jong Il was given the honorary title "Hero of the Democratic People's ,OUR Father,brother leader
- Its economy was/is under the impact of UN sanctions
- Loved SAFARI SUIT(was that his signature dress-code)
- North Korea has faced a tightening international sanctions regime since 2009
However, i have heard that DPP has already indorsed kid Brother Peter Mutharika to lead DPP.I have not heard on state media that the President is dead despite as far as BBC did announce.I have also heard that he studied economics and have died of cardiac arrest.That we are being sanctined by other key donor countries that i have read and heard.
Bright Malopa,the Malawi Broadcasting Corporation,CEO on his blog under a post titled;POLITICS OF THE BRAIN TUMOR wrote:
"His main weakness, which grew more evident in later years, was self deceit - something which is a frequent temptation to politicians especially those who think that they are naturally and effortlessly cleverer than those around them. To his loyal supporters, he was a hero who laid the foundations of the new Malawi. To his opponents; he was a corrupt politician who exploited his position to enjoy an extravagant way of life."
May Bingu Wa Mutharika rest in peace
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